Last time Bitcoin $BTC was this oversold was on Black Thursday in March 2020: Top analyst caprioleio Bitcoin
Seasoned cryptocurrency analyst Charles Edwards shares some good news for Bitcoin bulls. Today's Bitcoin accumulation might unlock amazing opportunities for long-term strategies.
Edwards has taken to Twitter to share a chart that displays the correlation between"Energy Value" dynamics and actual Bitcoin price fluctuations. It demonstrates that Bitcoin is now trading with a monstrous discount.This level of discount only happened on 2 other days in the last 7 years; the epic 12 March 2020 collapse and on 7 February 2019 during the last cycle's bear market bottom .
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